Common use of Banking Days Clause in Contracts

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in Oregon and banks are open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in Oregon and the Bank is dealing in offshore dollars. All payments and disbursements which would be due on a day which is not a banking day will be due on the next banking day. All payments received on a day which is not a banking day will be applied to the credit on the next banking day.

Appears in 6 contracts

Samples: Business Loan Agreement (Flir Systems Inc), Business Loan Agreement (Advanced Machine Vision Corp), Business Loan Agreement (Gardenburger Inc)

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Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in Oregon and banks are open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in Oregon and the Bank is dealing in offshore dollars. All payments and disbursements which would be due on a day which is not a banking day will be due on the next banking day. All payments received on a day which is not a banking day will be applied to the credit on the next banking day.

Appears in 2 contracts

Samples: Business Loan Agreement (Coffee People Inc), Business Loan Agreement (United Bancorp /Or/)

Banking Days. Unless otherwise provided in this Agreement, a banking day Banking Day is a day other than a Saturday Saturday, Sunday or a Sunday other day on which the Bank is open for business in Oregon and banks are open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in Oregon and the Bank is dealing in offshore dollarsOregon. All payments and disbursements which would be due on a day which is not a banking day Banking Day will be due on the next banking dayBanking Day. All payments received on a day which is not a banking day Banking Day will be applied to the credit on the next banking dayBanking Day.

Appears in 2 contracts

Samples: Business Loan Agreement (TRM Corp), Business Loan Agreement (TRM Corp)

Banking Days. Unless otherwise provided in this Agreement, a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in Oregon and banks are open for business busi(&ness in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in Oregon and the Bank is dealing in offshore dollars. All payments and disbursements which would be due on a day which is not a banking day will be due on the next banking day. All payments received on a day which is not a banking day will be applied to the credit on the next banking day.

Appears in 1 contract

Samples: Business Loan Agreement (Advanced Machine Vision Corp)

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Banking Days. Unless otherwise provided in this Agreement, a banking banning day is a day other than a Saturday or a Sunday on which the Bank is open for business in Oregon and banks are open for business in California. For amounts bearing interest at an offshore rate (if any), a banking day is a day other than a Saturday or a Sunday on which the Bank is open for business in Oregon and the Bank is dealing in offshore dollarsdollars or Offshore Currency. All payments and disbursements which would be due on a day which is not a banking day will be due on the next banking day. All payments received on a day which is not a banking day will be applied to the credit on the next banking day.

Appears in 1 contract

Samples: Business Loan Agreement (Flir Systems Inc)

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